Regulators said a recent energy law — S.B. 966 — also encouraged cost shifting from business to residential customers. The SCC has pending exit applications from Target, Costco, Harris Teeter, Kroger, Cox Communications and mining company Contura Energy, The Virginian Pilot reported Monday.
Virginia regulators on Thursday refused to let Walmart leave its incumbent utility service in the state to shop for electricity on the open market, writing it would raise costs too much for residential ratepayers who cannot choose their power supplier.Walmart’s exit from the services of Dominion Energy and Appalachian Power would cost residential ratepayers nearly $70 million over 10 years, the State Corporation Commission (SCC) said. That “cost shifting” is not “consistent with the public interest,” they wrote.